Use the Following Information for Questions 55 and 56

question 96

Multiple Choice

Use the following information for questions 55 and 56.
On May 1, 2014, Payne Co. issued $900,000 of 7% bonds at 103, which are due on April 30, 2024. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Payne's common stock, $15 par value, were attached to each $1,000 bond. The bonds without the warrants would sell at 96. On May 1, 2014, the fair value of Payne's common stock was $35 per share and of the warrants was $2.
-On May 1, 2014, Payne should credit Paid-in Capital from Stock Warrants for

• A) $34,560.
• B) $36,000.
• C) $37,080.
• D) $63,000.

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Definitions:

Big Five

A framework describing five major aspects of human personality, which include Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.

Extraversion

A personality trait characterized by sociability, talkativeness, and a high level of engagement with the external world.

Approach Motivation

The driving force that prompts individuals toward positive stimuli or outcomes, as opposed to avoiding negative ones.

Intrinsic Goals

Objectives that are pursued for their own sake, driven by an inherent interest or enjoyment in the task, rather than external rewards.